Wall Street News Alert -- Hot Stock List for December 17, 2003!
WESTON, Fla., Dec. 16, 2003 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this Tuesday morning are: Viastar Holdings Inc. (OTCBB:VISH), DSL.net Inc. (Nasdaq:DSLN), Verizon Communications (NYSE:VZ) and Ameritrade Holding Corp. (Nasdaq:AMTD).
Aggressive investors need to be watching Viastar Holdings Inc. (OTCBB:VISH) this morning! Yesterday after the markets closed, the company issued a press release announcing that the Los Angeles Superior Court has ruled in Favor of Viastar and Against David Dadon and Giants Entertainment! On November 26, 2003, Superior Court Judge Richard C. Hubbell granted Viastar's motions and ruled that there was no legal basis for Dadon's lawsuit against Viastar. As a result of the Court's ruling in Viastar's favor, the company is now entitled to ask the Court to impose monetary sanctions against Dadon and Giants Entertainment. Investors should keep an eye on the situation!
According to the press release, The success in the Los Angles Superior Court against Dadon, the restructuring of Moving Pictures International, the return of millions of shares to the company's treasury, the addition of key industry executives and the acquisition of several new titles for its music division, are all examples of present management's continued dedication to the growth of the company's business and anticipates this translating increased shareholder value through out 2004.
Viastar's management agrees with the release from Goldman Sachs, dated December 15th 2003, that the fundamentals in the entertainment sector have improved and that return on invested capital is estimated to rise in the coming new year.
In case you are unfamiliar with Viastar Holdings, Inc., the company is engaged in development, production and distribution of entertainment related media for film, television, music and publishing interests. The company's portfolio currently includes ownership of Viastar Distribution Group, A.V.O. Studios, Moving Pictures International, Viastar Records, Quadra Records, Light of the Spirit Records, and Viastar Classical. Keep your eye on this one! The stock closed yesterday at seventeen cents a share.
Stocks showing interesting activity yesterday were: DSL.net Inc. (Nasdaq:DSLN) down 1.7% on 7.3 million shares traded, Verizon Communications (NYSE:VZ) up .27% on 8.3 million shares traded and Ameritrade Holding Corp. (Nasdaq:AMTD) down .62% on 7.1 million shares traded.
Commentary: Earnings reports
"Oracle reported earnings on its last quarter on Monday. Wall Street firms Bear Stearns, Lehman Brothers, Goldman Sachs, and Morgan Stanley will report today and Wednesday. Best Buy and Circuit City on Wednesday and Nike on Thursday," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: .
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